Jan 9, 2014
ALN Dec. 2013 Abilene, Amarillo, Corpus Christi, Lubbock
ABILENE, AMARILLO, CORPUS CHRISTI, LUBBOCK - ALN Apartment Data has released the December 2013 review of occupancy, effective rent and other data for many Texas cities. *Stabilized Market is everything...
ABILENE, AMARILLO, CORPUS CHRISTI, LUBBOCK – ALN Apartment Data has released the December 2013 review of occupancy, effective rent and other data for many Texas cities.
| Markets | Abilene | Amarillo | Corpus Christi | Lubbock |
|---|---|---|---|---|
| Occupancy | 91.1 | 91.6 | 95.2 | 92.0 |
| Units added | 0 | -57 | -57 | 224 |
| Units absorbed (annual) | -63 | 75 | -118 | 358 |
| Average size (SF) | 868 | 812 | 847 | 842 |
| Asking rent | $649 | $655 | $830 | $683 |
| Effective rent | $637 | $645 | $827 | $678 |
| Effective rent per SF | $0.73 | $0.79 | $0.98 | $0.80 |
| Offering concessions | 40% | 33% | 10% | 19% |
| Avg. concession package | 5.2% | 4.6% | 2.9% | 4.0% |
*Stabilized Market is everything in a market except for apartments in initial lease-up.
ALN Apartment Data provides more Texas city information including general overviews.
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